Transparency for thee not for me in a mediocre macro fund
Pros
- Good for lower level employees to reflect on themselves and their ability - Good training for lower level guys - Teaches you to think in frameworked way - Despite all the cons I will further describe, it actually does force radical transparency on lower level guys. That said, be careful with that transparency because it's really just armchair psycho-analysis
Cons
- Not actually transparent at upper levels - Unclear to me if people promoted, actually deserved it - Turnover was brutal in that people kept leaving after 2 years and there were barely anyone at that 3-8 year range - Brutal hours - I also look at the other reviews and genuinely wonder if they're fake by HR - Hides under a veneer of meritocracy but ultimately it's office politics like everywhere else - The metrics to define your impact really depends on the agenda your manager has, not what you think will add impact. Remember that. Normally this is obvious, except that BW likes to hide under the idea of letting the best ideas succeed, it doesn't.